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Recycled Metal Market Size, Developments Status, Trends and Leading Players Analysis, Forecast 2030

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The global recycled metal market was estimated at US$ 67.6 billion in 2020 and is expected to hit US$ 101.6 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030, as per reports by market research and consulting organisation Precedence Research.

The report contains 150+ pages with detailed analysis. The report provides an in-depth analysis of the market size, share, emerging and current trends, future estimations, and key players.

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1349

The rising investments in the development of infrastructure in developing economies, growing automotive sector due to the introduction of electric vehicles, rising demand for recycled metals from different end uses sectors such as electronic, aerospace, and defense, and rising awareness regarding the negative environmental impacts of excess metal mining are the several factors that boosts the growth of the global recycled metal market. Rapid industrialization and rapid urbanization are the major drivers of the recycled metal market.

Moreover, rising investments by the top players to set up recycling facilities and implementing improve waste management system will play a crucial role in the market growth during the forecast period. The rising government initiatives to reduce carbon footprint and reduce energy consumption has fueled the adoption of metal recycling across the globe. The recycling of metal consumes less energy as compared to the mining. Hence, the development of sustainable ways for the industrial and infrastructural development is a key factor that is expected to fuel the market growth in the upcoming years.

Crucial factors accountable for market growth are:

  • Rising investments in infrastructural development
  • Rising urbanization and industrialization
  • Development of improved waste management systems
  • Rising awareness regarding the environmental impacts of metal mining
  • Rising demand from the automotive sector
  • Rapidly growing building and construction industry
  • Government regulations on recycled plastic

Report Highlights

  • Based on the metal type, the non-ferrous segment is expected to be the fastest-growing segment. The extensive usage of aluminium in the automotive, construction, aerospace, and various consumer goods industries is the major factor accountable to drive the segment growth in the upcoming future.
  • Based on the end user, the construction segment is estimated to be the fastest-growing segment owing the rising investment in the development of infrastructure in the developing regions such as Middle East, Africa, Asia, and Latin America.

Market Dynamics

Driver – Increasing production of recycled metal owing to the increased demand from the manufacturing sector is boosting the growth of the global recycled metal market across the globe. Further, rising government initiatives to reduce the wastage of metal and develop sustainable solutions is fostering the market growth. According to the Bureau of International Recycling, the non-ferrous metals have witnessed an increase of around 6% in their recycling across the globe. Therefore, rising importance of non-ferrous metal recycling is expected to boost the market growth.

Restraints – Lack of proper government regulations and metal recycling technologies in the developing and underdeveloped economies is a key restraint that may hamper the market growth during the forecast period.

Opportunities – Rising government participation to boost the growth and development of recycled metal is expected to drive the growth of the market. For instance, the implementation of Draft Steel Scrap Policy in India is expected to boost the development of the market.

Challenges – The lack of funds in the hands of the government in the underdeveloped nations restricts the growth of the infrastructure in the country, which results in low economic activities. Therefore, the lack of infrastructure is restricting the growth of various industries such as transport, construction, and various others that may restrict the growth of the recycled metal market.

Competition Landscape

In the final section of the research report, Precedence Research provided the global recycled metal market structure and a detailed competition landscape to provide a dashboard view of key players operating in the recycled metal market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the recycled metal market include:

  • CMC
  • Tata Steel
  • GFG Alliances
  • European Metal Recycling
  • Norsk Hydro ASA
  • Novelis
  • Sims Metal Management
  • Commercial Metal Company
  • Steel Dynamics
  • Nucor Corporation
  • Aurubis AG
  • ELG HanielGmbh and Schnitzer Steel

Market Segmentation

By Metal Type

  • Ferrous
  • Non-Ferrous

By End User

  • Construction
  • Transport & Automotive
  • Industrial Machinery
  • Electronics
  • Defense
  • Packaging
  • Military
  • Consumer Goods
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global recycled metal market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for recycled metal are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1349

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Recycled Metal Market 

5.1. COVID-19 Landscape: Recycled Metal Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Recycled Metal Market, By Metal Type

8.1. Recycled Metal Market, by Metal Type, 2021-2030

8.1.1. Ferrous

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Non-Ferrous

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Recycled Metal Market, By Application

9.1. Recycled Metal Market, by Application, 2021-2030

9.1.1. Construction

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Transport & Automotive

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Industrial Machinery

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Electronics

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Defense

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Packaging

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Consumer Goods

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Military

9.1.8.1. Market Revenue and Forecast (2019-2030)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Recycled Metal Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Metal Type (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. CMC

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Tata Steel

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. GFG Alliances

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. European Metal Recycling

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Norsk Hydro ASA

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Novelis

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Sims Metal Management

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Commercial Metal Company

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Steel Dynamics

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Nucor Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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